📰 What you need to know this Monday, August 12
📈 Tether prepares for the future: 200 employees by 2025. The stablecoin giant plans to double its workforce by mid-2025. This strategic expansion seeks to strengthen key areas such as compliance and finance.
⛏️ Bitcoin mining giant Marathon Digital will raise USD $250 million to buy BTC. Now called MARA, it announced its plans to accumulate bitcoins for the long term last month. At that time, it bought USD $100 million in Bitcoin, which raised its holdings to 20,000 BTC.
📊 Technical indicators point to an early return of the bull market and others bearish for crypto assets. The contradiction between indicators is common, none is infallible.
🇸🇻 El Salvador's country risk decreases due to a possible agreement with the IMF. The El Salvador Emerging Bond Indicator, which measures the country's ability to pay, improved.
⚠️ In the last 24 hours, 73,406 traders liquidated, and the total liquidations reached $199.53 million.
The largest single liquidation order occurred on OKX - ETH-USD-SWAP worth $2.17M.
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